“Chaotic,” “volatile,” “tumultuous”
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 5 August 2024
⏱️ 29 minutes
🧾️ Download transcript
Summary
These aren’t words you want to hear about the stock market, but here we are. Global markets, including the major U.S. indexes, tanked today. Along with stocks, crude oil prices also took a hit. We’ll look at the causes and what might happen next. Also, the critical role of exporting services in this economy and a status report on a possible TikTok sale.
Transcript
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| 0:59.0 | Okay, okay, let's take a minute or 30 to regroup here. Yeah, markets have fallen, but the last time I checked, the sky is still up there. |
| 1:10.0 | From American public media, this is Marketplace. |
| 1:14.0 | In New York, I'm Kristen Schwab in for Kyrisdahl. It's Monday, August 5th. Good to have you with us. |
| 1:27.0 | Let's start with the ugly stuff. The ugly stuff you've already heard about. |
| 1:33.0 | All three major U.S. indices tumbled today. |
| 1:36.0 | We'll of course tell you just how much when we do the numbers. |
| 1:39.0 | Markets in Korea, Taiwan, Australia, and Europe, they all fell to. |
| 1:44.0 | Japan's Nike had its worst day since 1987, wiping out all its games for the year. |
| 1:50.4 | And I'm not trying to dismissively yada yada yada your intrusive thoughts away, but I do think we need to take stock of what's behind all this and separate facts from runaway feelings. |
| 2:02.0 | Marketplace's Samantha Fields is our voice of reason. |
| 2:05.0 | Chaotic, volatile, tumultuous, |
| 2:08.0 | not exactly words you want to hear when it comes to the stock market, |
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